Since the cash out tool was invented a few years ago the betting market has changed dramatically. Most punters that put a bet on now have an eye on cashing out if things are going well or if, indeed, not looking too bright!
Whilst it has been very popular with companies such as Bet365 and Coral, other companies were slow on the uptake. This year though it became something of a phenomenon that fans up and down the country were talking about on a weekly basis. Would the Leicester City fans that had bet on their team to win the league finally cash out and take the winnings up front?
We all know the story that several fans put bets on for a ‘laugh’ when Leicester were given odds of 5,000-1 to win the Premier League. This came back to bite the bookies very heavily and not just for those chosen few – a large number of fans got the Foxes to win at 1,000-1 even in November. Everyone just assumed that the bubble would burst at some point.
One fan had the potential to win the most amount of money, with £250k up for grabs. They’d put their £50 on the Foxes to win at the start of the season at 5,000-1 and finally decided to cash out as the run-in got just a little too tight to mention. Little did they know that the 2nd horse in the 2-horse race would actually collapse and finish third on the final day!
Ladbrokes then ended up giving out a cash out prize of £72,000. Confirming the news on Twitter, the bookmakers claim it is an industry record cash out.
This wasn’t the first case of someone winning a large cash out value though, and the second example is perhaps more impressive as the individual chose a large number of teams in an acca. This acca included 22 teams, with each of them needing to win with the punter putting £49.50 on the list and the prize being a potential £1.5 million!
An anonymous Betfair customer in his twenties decided to cash out the acca after 16 teams had all won their games and got very lucky indeed. The next team that played (Barcelona – heavy favourites to win) lost their game away to David Moyes’ Real Sociedad. They collected a cool £53,000 and must have been delighted to see the eventual Spanish champions fall at the next hurdle! In fact it must have been a very late decision to do this, as they decided only to cash out 15 minutes before Barcelona kicked off at the Anoeta Stadium.
The accumulator included QPR to beat Charlton, with Rangers taking victory thanks to a 94th minute winner, and Manchester City to beat West Brom, with the Blues coming from a goal down to take three points at the Etihad.
It’s thought that the driver for this was that the punter’s nerve would have already been put to the test after the 15th leg of his 22 fold accumulator as he watched Man City go 1-0 down against West Brom. Having refused a cash out of £25,000 ahead of the late kick off in the Premier League he would have been incredibly relieved to see Pellegrini’s men manage to pull it back in the second half. You know what? I don’t blame him!